Reported 14 days ago
Christopher McGratty from KBW discusses how the Federal Reserve's upcoming interest rate cuts will positively impact regional banks. He notes that after a period of underperformance compared to larger banks, smaller banks are beginning to catch up as rates decline. McGratty highlights Comerica and Western Alliance as top picks, citing their strategies to hedge against rising rates and bolster their capital as key factors that will enhance their profitability as rates are eased.
Source: YAHOO